Stock Market Today: S&P 500, Nasdaq 100 Futures Fall Amid Escalating US-Iran Tensions—Walmart, DoorDash, eBay In Focus

U.S. stock futures dropped on Thursday after closing higher on Wednesday. Futures of all the major benchmark indices were lower. Traders analyzed the Federal Reserve‘s January meeting minutes, which exposed significant disagreements among officials concerning the future of interest rates. Although the records indicated that some policymakers discussed possible rate increases to combat persistent inflation, market participants maintained their outlook for two rate reductions before the year concludes. Additionally, indirect nuclear talks between Iran and the U.S. stalled in Geneva psuhing the oil prices higher. Meanwhile, the 10-year Treasury bond yielded 4.10%, and the two-year bond was at 3.47%. The CME Group's FedWatch tool‘s projections show markets pricing a 94% likelihood of the Federal Reserve leaving the current interest rates unchanged in March. The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Thursday. The SPY was down 0.17% at $685.11, while the QQQ declined 0.18% to $604.68.